Search Results for "strategy"
Max Keiser Expects Other Enterprises to Acquire Bitcoin Following MicroStrategy’s Lead
Max Keiser believes that shareholders will demand other corporations and big companies to convert their cash reserves into Bitcoin, just like MicroStrategy corporation has done.
ARK Invest and 21Shares Launch Innovative Digital Asset ETF Suite
ARK Invest and 21Shares have launched a suite of digital asset ETFs, combining crypto-specific insights with traditional investment indicators, focusing on Bitcoin and Ether futures.
Despite Market Crash, MicroStrategy Buys 301 Bitcoins Worth $6 Million
Despite the downturn continuing in the crypto market, MicroStrategy adopts buying from the dip strategy by purchasing 301 Bitcoins over the last 2 months.
Bitcoin Is ‘100 Times Better Than Gold,’ Says Michael Saylor
Michael Saylor of MicroStrategy sees a revival for Bitcoin as he expects plenty of upside above its previous high.
May 15: The Year of Bitcoin Options?
Happy Friday! BTC up 3% in the past 24 hours, flirting $9,900, teasing the market at the $10K psychological level. In the last few days, I noticed BTC weakness from the start of Asia session followed by buying activity when the U.S. woke up, driven primarily by spot buying (futures curve still relatively flat).
MicroStrategy's Bitcoin Investment Earns $103 Million with ROI of 24.3% in the Last 79 Days
Bitcoin's price is currently around $13.8K. Since Aug. 11, with Microstrategy's purchase of Bitcoin, the company has earned $2.7k per BTC for a total of $103 million.
MicroStrategy's Debt Dilemma: A Balancing Act Between Bonds and Bitcoin
Adam Cochran discussed MicroStrategy's financial quandary due to its 2025 and 2028 convertible notes amidst its extensive Bitcoin holdings. Failure to address the 2025 note could lead to a 15% equity dilution, while refinancing could spike yield rates. Options like leveraging Bitcoin or selling it to cover debts were explored, with the latter potentially causing a dip in market confidence. Cochran hinted that the year-end decisions could significantly impact how MicroStrategy navigates its debt come 2024.
MicroStrategy Acquires More Bitcoin Amid Market Recovery
MicroStrategy has acquired 6,455 Bitcoin for $150 million and repaid its $205 million loan to Silvergate at a 22% discount, according to a filing with the US SEC. The company now holds a total of 138,955 BTC, bought for $4.1 billion at an average price of $29,817 per coin. MicroStrategy also sold class A common stock worth $500 million and acquired BTC between Feb. 16, 2023 and March 23, 2023.
Square's $50 Million in Bitcoin is Better for Crypto than MicroStrategy's $425 Million BTC Investment
While Square’s investment is significantly smaller than MicroStrategy’s, the effects could be significantly greater for Bitcoin’s visibility and maturity in the mainstream markets.
Bitcoin Still has One Key Barrier to Institutional Adoption Even After MicroStrategy's Move, says Raoul Pal
2020 has been a year of institutional adoption for Bitcoin, as many entities have rushed near the second half of the year to invest in Bitcoin.
Has Tesla's Elon Musk Been Buying Bitcoin with Michael Saylor's Playbook?
Less than a month ago, MicroStrategy’s CEO Michael Saylor offered to share his Bitcoin playbook with SpaceX founder Elon Musk—did Musk accept the offer?
MicroStrategy Purchases Another $650M Bitcoin, Convincing Elon Musk Large Transactions Can be Done
Another weekend, another round of Bitcoin—MicroStrategy has announced another purchase of Bitcoin, this time, of $650 million in BTC.